Google has released the portions of the Android 3.2 source code which are licensed under the GPL. Just like earlier versions of Google Android 3.x Honeycomb, Google is not releasing all the source code for the latest version of the operating system. You’ll have to wait until the Ice Cream Sandwich version of Android is released to get that. But the latest release means two things:

Google Android 3.2 is just about ready to go, so we should see tablets shipping with the OS soon.

Now that at least some source code is available, independent developers can start digging in to find interesting bits that can lead to more interesting apps or operating system tweaks.